This multimillion-dollar agreement is a direct outcome of the CHIPS and Science Act, a bipartisan legislation signed by President Biden in 2022.

Piedmont still needs to obtain local regulatory approval in North Carolina and financing amid low lithium prices.

BP Pulse has reduced the number of countries it operates in from 12 to four, focusing now on the US, Britain, Germany and China.

In December last year, the Treasury issued guidelines aimed at weaning the U.S. EV supply chain away from China.

VinFast last year sold 35,000 EVs, quite below its 50,000 target, representing just a tiny fraction of its 300,000 vehicle production capacity.

The U.S National Highway Traffic Safety Administration (NHTSA) has opened a preliminary evaluation to investigate certain units of the Cadillac Lyriq EVs over braking issues.

The initiative highlights Mahindra’s dedication to operating ‘Planet Positive’ businesses and transitioning towards sustainable energy solutions.

The move comes as Tesla faces challenges stemming from sluggish demand for its electric vehicles in an increasingly competitive market.

The collaboration with Tata Electronics could be a crucial step in Tesla’s broader strategy to diversify its component sourcing beyond traditional suppliers.

Tesla intends to establish showrooms spanning 3,000 to 5,000 square feet, along with service hubs, in both New Delhi and Mumbai.